Driving ambition and scaling finance for sustainable infrastructure in cities

Over the next 15 years, USD 93 trillion of low-emissions and climate-resilient infrastructure will be needed to meet the objectives of the Paris Agreement on Climate Change. According to The State of City Climate Finance 2015 report, more than 70% of this infrastructure will be built in urban areas, at a cost of US$4.5 to US$5.4 trillion per year. Current investment in low-carbon, climate-resilient infrastructure, however, is falling far short of these goals.

In response to this need, several major initiatives are actively working to mobilize public and private investments and close this financing gap in sustainable and resilient infrastructure in cities.

This event, convened by Climate Policy Initiative, the German government, the Global Covenant of Mayors, and the Cities Climate Finance Leadership Alliance, together with the World Bank Group, Global Infrastructure Facility, and United Nations Development Programme (UNDP) under the auspices of Invest4Climate, is designed for leaders in city-level climate finance, including cities, regulators, companies, financiers and other stakeholders.

Keynote: Driving ambition
Driving leadership for climate actions at city level, and how to get involved in initiatives leading the charge in the newly launched Leadership for Urban Climate Investment Initiative, the renewed Cities Climate Finance Leadership Alliance, and the Gap Fund.

Presented by Dr. Maria Flachsbarth, Parliamentary State Secretary at the Federal Ministry for Economic Cooperation and Development (BMZ).